Cosmos: Hydro Launching Soon, ATOM Stakers to Receive Incentives for Voting
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September 18, 2024
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Cosmos Hub to Launch Cross-Chain Auction Platform "Hydro" in October
News from Mars Finance: The Cosmos Hub announced on the X platform that it will launch the cross-chain auction platform Hydro in October. ATOM stakers can participate in voting and earn rewards without unstaking.
According to the announcement, users need to convert their staked ATOM into LSM shares first. Then, they should transfer the LSM into Neutron and lock them to obtain voting rights on Hydro. Each participation in proposal voting will earn rewards, with higher rewards for options chosen by fewer people.
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